Loans, while often included in aid numbers, are just that - a loan that must be paid back.
Your car loan doesn't make your car cost less, so why would a college loan make college cost less?
It doesn't.

Federal Student Loans for All Undergraduates Unknown

We cannot report the average loan amounts for undergraduates attending Atenas College, as that information is not available to us.

Be Aware of What Isn't Shown

Unlike the data shown for freshmen, average undergraduate student loan amounts do not include private loans.
In addition to unreported parent loans, this can increase the average amount borrowed significantly.

The Default Rate on Student Loans is Unavailable

We were planning to provide you with the loan default rate at Atenas College and compare it
to the national average of 7.4%,
but unfortunately, that information is not available to us.

Did You Know?

Declaring bankruptcy does not remove student loan debt owed to the Federal government.
They can garnish part of your income if you do not pay back your loans.

Questions About Student Loan Debt

What is the average amount of student loan debt all students graduate with?

The class of 2016 graduated with an average of $37,172 in debt per student! The average student loan payment after graduation for all students is $351.

How and where do I get a student loan?

Students can either take out private or public loans. To receive a public, federal loan, you must fill out and submit the
Free Application for Federal Student Aid (FAFSA). Federal loans tend to have better interest rates and repayment options, so it is
recommended that most students start there.

What is the best student loan? What is a good loan interest rate?

The best student loan is a subsidized federal loan. Subsidized loans do not accrue interest until after you graduate with your degree.
After that, an unsubsidized federal loan is probably best. For up-to-date interest rates on federal loans,
see this resource.

How can I reduce the amount of student loan debt I need to take on?

The most important step in reducing student loan debt is to make a wise college decision. Students who graduate with the most debt tend to be those
who change majors or transfer schools, which increases both the time and cost of completing a degree. Other ways of reducing debt include applying
for scholarships, as well as federal aid.

Can I get my student loan debt forgiven?

Debt forgiveness is currently available for some public workers such as teachers in high-risk locations. Students can also apply to have their loans
discharged if their school closes. Learn more about what options you have here.

What are the consequences of defaulting on a loan?

Defaulting on your student loan will do serious damage to your credit. The federal government also may decide to garnish your paycheck
or even social security payments. Avoid loan default at all costs.